Dividend investors would be wise to focus not just on a stock's current yield, but also on the long-term growth potential of its dividends. That's because strong businesses that consistently raise their dividend payouts reward shareholders with a steadily rising income stream that essentially equates to a raise every year. And, well, who doesn't like a raise?
With that in mind, here are five stocks that have grown their dividends significantly above the rate of inflation in the last year: Pfizer (NYSE: PFE) Yield: 9.5%, Clorox (NYSE: CLX) Yield: 7.8%, Boeing (NYSE: BA) Yield: 7.6%, Brookfield Asset Management (NYSE: BAM) Yield: 7.4% and Johnson Controls (NYSE: JCI) Yield: 7.1%.